California Public Employees Retirement System

California Public Employees Retirement System Portfolio holdings

AUM $143B
 

The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.

AUM
$143B
AUM Growth
-$6.4B
Cap. Flow
-$1.02B
Cap. Flow %
-0.71%
Top 10 Hldgs %
33.05%
Holding
1,156
New
14
Increased
335
Reduced
767
Closed
38

Sector Composition

1Technology28.2%
2Financials13.31%
3Healthcare11.32%
4Communication Services8.15%
5Consumer Discretionary8.09%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
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